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Kiara made deposits of $7,500 into a fund at the beginning of each quarter for the past 5 years. He then left the money to
Kiara made deposits of $7,500 into a fund at the beginning of each quarter for the past 5 years. He then left the money to accumulate in the fund for another 3 years. The fund grows at 4.25% compounded monthly. a. What was the accumulated value of the fund at the end of 5 years? Round to the nearest cent b. What was the accumulated value of the fund at the end of 8 vears? b. What was the accumulated value of the fund at the end of 8 years? Round to the nearest cent c. What was the amount of interest earned over the 8-year period? Round to the nearest cent
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